Amundi launches Ethereum-based tokenized share class for STOXX Europe 600 fund

Amundi, Europe’s largest asset manager, has expanded its blockchain initiatives by launching a tokenized share class for its Amundi Core STOXX Europe 600 equity index fund on the Ethereum blockchain. This move marks the firm’s expansion from tokenizing money market funds into the realm of equity index strategies.

Developed in collaboration with asset-servicing provider CACEIS, the new share class uses Ethereum to record ownership and transactions. While the underlying fund assets and investment strategy remain unchanged, the use of blockchain aims to improve settlement speed, increase transparency, and enhance operational efficiency through automation.

The tokenized class exists alongside traditional investment models, meaning the fund remains accessible through conventional channels. Amundi intends to continue developing a range of tokenized products for institutional clients and digital platforms as market infrastructure and regulatory frameworks evolve.